Superior Group of Companies, Inc. (NASDAQ:SGC) Short Interest Update

Superior Group of Companies, Inc. (NASDAQ:SGC) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 112,500 shares, an increase of 27.8% from the March 31st total of 88,000 shares. Based on an average daily volume of 60,700 shares, the short-interest ratio is presently 1.9 days. Currently, 1.0% of the company’s stock are short sold.

Insider Buying and Selling

In other Superior Group of Companies news, insider Philip Koosed sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $15.64, for a total value of $140,760.00. Following the sale, the insider now owns 82,436 shares in the company, valued at approximately $1,289,299.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Superior Group of Companies news, Director Paul V. Mellini sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $15.66, for a total value of $93,960.00. Following the completion of the transaction, the director now directly owns 92,955 shares in the company, valued at $1,455,675.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Philip Koosed sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $15.64, for a total value of $140,760.00. Following the transaction, the insider now directly owns 82,436 shares in the company, valued at approximately $1,289,299.04. The disclosure for this sale can be found here. Company insiders own 26.50% of the company’s stock.

Institutional Trading of Superior Group of Companies

Several institutional investors have recently added to or reduced their stakes in the company. Barclays PLC bought a new stake in Superior Group of Companies in the 3rd quarter valued at about $32,000. Hillsdale Investment Management Inc. bought a new stake in shares of Superior Group of Companies in the fourth quarter valued at approximately $113,000. Acadian Asset Management LLC grew its position in Superior Group of Companies by 78.1% during the third quarter. Acadian Asset Management LLC now owns 16,218 shares of the textile maker’s stock worth $125,000 after buying an additional 7,111 shares in the last quarter. Quadrature Capital Ltd increased its stake in Superior Group of Companies by 67.6% during the 3rd quarter. Quadrature Capital Ltd now owns 18,364 shares of the textile maker’s stock worth $141,000 after acquiring an additional 7,408 shares during the period. Finally, EMC Capital Management raised its holdings in Superior Group of Companies by 1,040.2% in the 3rd quarter. EMC Capital Management now owns 22,803 shares of the textile maker’s stock valued at $177,000 after acquiring an additional 20,803 shares in the last quarter. 33.75% of the stock is currently owned by institutional investors.

Superior Group of Companies Stock Performance

Shares of NASDAQ:SGC traded down $0.57 on Tuesday, hitting $16.27. The company had a trading volume of 33,208 shares, compared to its average volume of 61,965. The stock has a market cap of $271.87 million, a price-to-earnings ratio of 30.02, a P/E/G ratio of 2.65 and a beta of 1.40. The stock has a 50 day moving average price of $15.76 and a 200 day moving average price of $13.39. Superior Group of Companies has a 1-year low of $7.23 and a 1-year high of $17.70. The company has a current ratio of 2.78, a quick ratio of 1.80 and a debt-to-equity ratio of 0.45.

Superior Group of Companies (NASDAQ:SGC) last announced its quarterly earnings results on Wednesday, March 13th. The textile maker reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.08. The business had revenue of $147.24 million for the quarter, compared to analyst estimates of $142.59 million. Superior Group of Companies had a net margin of 1.61% and a return on equity of 4.51%. Analysts expect that Superior Group of Companies will post 0.64 EPS for the current year.

Superior Group of Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Friday, February 23rd were issued a dividend of $0.14 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.56 annualized dividend and a yield of 3.44%. Superior Group of Companies’s payout ratio is currently 101.82%.

Analyst Ratings Changes

A number of brokerages have commented on SGC. StockNews.com raised shares of Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 20th. Singular Research reissued a “buy” rating on shares of Superior Group of Companies in a research report on Tuesday, March 19th. Finally, Barrington Research upped their price objective on Superior Group of Companies from $13.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, March 15th.

About Superior Group of Companies

Superior Group of Companies, Inc manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Branded Products, Healthcare Apparel, and Contact Centers. The Branded Products segment produces and sells customized merchandising solutions, promotional products, and branded uniform to chain retailer, food service, entertainment, technology, transportation, and other industries under BAMKO and HPI brands.